› Flat Chat Strata Forum › The Professionals › SCs and strata managers › Is 20% strata manager commission for insurance premiums OK? › Current Page
@TrulEConcerned, getting our own insurance through Strata Fair coincided with us moving to self management, so our strata manager won’t be getting anything more. As it is they have nearly cleaned us out already and it will take some time to recover.
Strata Fair brokers charged a simple low fee to basically renew our insurance with the same insurer (still with provided other quotes).
Despite having been instructed that we were not renewing our management contract and explicitly not to renew our insurance, our strata manager actually provided us insurance quotes and still tried to renew our insurance (lucky that Strata Fair acted very quickly to transfer the brokerage), so we saw exactly how much we saved by not going through them. Incidentally in their 4 or so years of managing our scheme, our SM has never declared any kind of commissions, insurance or otherwise.